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...In April, Wells Fargo, which originates more mortgages than any other US bank, laid off nearly 200 loan processors and their managers, blaming “cyclical changes in the broader home-lending environment”....
...She was elected a councillor in her home city of Thessaloniki at the age of 24....
...Wells Fargo, America’s fourth-largest bank by assets, has been quietly working on a plan to move its Asian regional hub from Hong Kong to Singapore as part of wider restructuring efforts....
...The jobs most at risk are those in branches and call centres as banks prune their sprawling networks to match the new realities of post-pandemic banking, says Mike Mayo of Wells Fargo....
...The remarks by Bank of America’s Brian Moynihan, Citigroup’s Jane Fraser and Wells Fargo’s Charles Scharf came as US financial regulators scramble to respond to the explosive growth of a crypto market that...
...Falling interest rates took a painful toll on third-quarter profits at Bank of America and Wells Fargo, continuing to compress lending margins, overshadowing falling credit costs and improved results from...
...“They probably shouldn’t come from JPMorgan or Goldman Sachs.” Wells Fargo’s former chief executive, Tim Sloan, stepped down last month after coming under pressure from both Congress and regulators....
...“From a management control perspective post-GFC, US banks might have done a better job, apart from Wells Fargo.”...
...The new settlement with Wells Fargo & Company and its subsidiary, Wells Fargo Bank, will not have any impact on the group’s profits since it is covered by the $3bn the bank set aside to deal with litigation...
...Wells Fargo has appointed former Obama chief of staff Bill Daley to leads its dealings with politicians and the public, as the embattled bank battles to recover from a mis- selling scandal....
...The 29-year-old MBS was on a fast-track to becoming crown prince....
...Wells Fargo said: “We recognise the growing concerns about climate change and environmental sustainability, and we’re working to find solutions.”...
...Wells Fargo on Tuesday reported second-quarter revenues that were roughly flat and profits that exceeded Wall Street’s expectations....
...Ireland’s central bank has imposed a €5.9m fine on Wells Fargo for “particularly serious” compliance failures in its Dublin operation, the second-largest penalty ever levied by the Irish regulator....
...Here’s how Wells Fargo and JPMorgan fared after releasing results on Friday....
...Laying down financial expectations at Wells Fargo’s investor day on Thursday, John Shrewsberry, chief financial officer, said the US bank’s income from “deposit service charges” — including overdraft fees...
...Citi was one of a trio of big banks kicking off the second-quarter earnings season on Friday, along with JPMorgan Chase and Wells Fargo....
...Shares in Citigroup, Bank of America, Wells Fargo, Goldman Sachs and Morgan Stanley have all seen similar or worse declines over the same period, despite the positive impact on bank earnings of the Trump...
...Wells Fargo has struck a deal to sell its Puerto Rican banking assets for about $1.7bn — less than two weeks after the Federal Reserve punished the US bank for years of wrongdoing by preventing its expansion...
...Wells said: “We greatly value input from our shareholders and other stakeholders. Wells Fargo has agreed to prepare and publish a business standards report on our website....
...Shares in Citi have gained 29 per cent in the past three years, handily outperforming scandal-ridden Wells Fargo (down 4 per cent) but far short of Bank of America (up 82 per cent) and JPMorgan Chase (up...
...Wells Fargo plans to close about 900 branches as part of efforts to cut costs in the wake of its mis-selling scandal even though the bank’s profits received an immediate $3.4bn boost from the US corporate...
...The FT's Ben McLannahan and Alistair Gray discuss what fourth-quarter results from JPMorgan and Wells Fargo suggest for the rest of the sector....
...While tax-related costs are expected to weigh on results of JPMorgan, Wells Fargo is expected to record a gain from the enactment of President Trump’s new tax law....
...The Clearing House, which is owned by the commercial banks including Bank of America, JPMorgan Chase and Wells Fargo, have unveiled a service allowing domestic payments in the US to be made in seconds, rather...
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